global recession since world war ii. senate democrats with a sweeping police reform bill. manus: 6:00 a.m. in london, 9:00 a.m. in dubai. i have two pieces of paper, one is the dollar destruction story, is the bondte one vigilante trade it was not really a bear market, but what i like is he says the market selloff was a panic attack. i want to tell you i have had more panic attacks since 2009. i think they are inextricably linked. nejra: it is always great to kick off the show with an update on how many panic attacks you have. i love the daily comments, he has coined another acronym, mother of all melt-ups. to classify what happened in the selloff is a bear market is if we are talking about a bear market, you might expect more losses to come. if you see this as a panic attack, you could have faith in further games. erase see the s&p 500 yearly losses. we are seeing green on the screen in asia for several days in a row, but weakness in u.s. futures. what a stunning move, 45%